Portage, MI Real Estate
According to census data in the year 2000 there were 18,885 housing units in Portage.
This represents a 17.1% growth from 16,133 in 1990.
Of those housing units, 18,858 were located in either urbanized areas or urban clusters, and 27 were located in what is classified as a rural area.
Homeownership rate in Portage is about 69%.
Portage's vacancy rate, including seasonal lodging, is about 3.9%.
Average household size is 2.45 people.
The majority of houses, apartments or condos in Portage were built after 1972.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.30% |
| One Bedroom | 14.20% |
| Two Bedrooms | 21.20% |
| Three Bedrooms | 39.50% |
| Four Bedrooms | 20.30% |
| Five Bedrooms or more | 3.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.7 |
| Median year structure was built | 1968 |
| Median Value of occupied units | $120,800 |
| Median Price asked for vacant units | $122,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.91 |
| Median year structure was built | 1979 |
| Median Monthly Rent asked for vacant units | $494 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 6.60% |
| Home Equity Loan | 13.90% |
| Simple Mortgage | 51.40% |
| Debt Free | 27.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.5% |
